Fed's Bullard Wants Evidence of Inflation Returning to Target Before Tapering
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The dollar recovered from two-week lows against the yen on Friday, as Japanese shares rebounded from the previous day's 7.3-percent plunge.
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I'm ashamed to say world markets may again need to go on Europe Watch. The risk has risen to a level that local nerves over sovereign debt will fray to the point that they have a material impact elsewhere.
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The euro could be set to rally to its high of last year against the dollar of $1.52, Royce Tostrams, technical analyst at Tostrams Groep, told CNBC Friday.
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Fears over the health of the euro zone bond market intensified after one of Europe’s biggest clearing houses warned investors they could be compelled to stump up more money to trade in Ireland’s debt. The FT reports.
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Silvio Berlusconi, Italy’s beleaguered prime minister, blamed the media, the leftwing opposition and even the mafia for creating a scandal over his relationship with a teenage Moroccan belly-dancer, reports the Financial Times.
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With the Fed deciding to purchase another $600 billion of U.S. government debt ($100 billion above the market consensus), the question is, how much lower can the dollar go? In other words, how much higher can crude oil go?
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The euro's recent strength against the dollar is likely to continue and it could move back up to its January high against the greenback, Carol Harmer, chief market analyst for Mercury Forex and Charmer Charts, told CNBC Thursday.
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The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.
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José Sócrates, Portugal’s prime minister, has blamed an increase in government bond yields on “speculative movements”, saying growing pressure on the country’s borrowing costs had no economic justification. The Financial Times reports.
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The Federal Reserve is about to take a huge risk in hopes of getting the economy steaming along again. Nobody is sure it will work, and it may actually do damage.
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Covered bonds, a financing tool that has been popular in Europe since the 18th century, are winning converts here as a new way to finance residential and commercial mortgages, reports the New York Times.
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The times when developed economies grew at high rates are behind us and the next crisis will hit when people realize this, Satyajit Das, author of Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives told CNBC Tuesday.
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Investors disappointed with the yield on government bonds should look to good-quality companies with strong dividends such as Deutsche Telekom and Nestle, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
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Some EU countries face the prospect of missing the budget deficit targets forced upon them this year by impatient bond investors, as tax revenue missed projections. The New York Times reports.
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Fears of a "currency war," in which countries devalue their currencies to gain a trade advantage, dominated headlines last week ahead of the weekend meetings in South Korea of the finance ministers from the 20 leading economies that make up the Group of 20 (G-20).
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A decaf latte with skim milk and artificial sweetener is called, in some places, a why bother. No caffeine, no fat, no sugar—why bother? It would be too much to say the meeting of the G20 finance ministers this past weekend was a complete why bother, but, in my eyes, close to it.
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The currency wars that are dominating the attention of the world’s central bankers are also playing out in the niche world of luxury goods.
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The dollar may be set to rise as currency wars bring more controls on flows of capital and a rise in protectionism, David Bloom, currency strategist at HSBC, told CNBC.
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Investing in health-care stocks that occupy a niche position in a growing market is a solid bet, Vadim Alexandre, health-care analyst at Daniel Stewart told CNBC on Friday.
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Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies, reports the New York Times.
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Info in the Beige Book, released later today, could be the key catalyst behind the market's next big move!